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MONEY With Melissa Francis

News/Business. Melissa Francis with a breakdown of the day's top stories and their impact on the American Taxpayer. New.

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01:00:00

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San Francisco, CA, USA

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Virtual Ch. 130 (Fox Business)

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mpeg2video

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ac3

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704

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480

TOPIC FREQUENCY

New York 9, Pennsylvania 9, Christie 7, Chris Christie 6, Melissa 6, Superstorm Sandy 4, Iran 4, America 3, Us 3, Medicare 3, Arca 2, Fema 2, Manhattan 2, Steve Moore 2, Ann Coulter 2, Lucas 2, Philadelphia 2, Reuters 2, Chicago 2, Washington 2,
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  FOX Business    MONEY With Melissa Francis    News/Business. Melissa Francis with a breakdown of the day's  
   top stories and their impact on the American Taxpayer. New.  

    October 31, 2012
    5:00 - 6:00pm EDT  

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melissa: i'm melissa francis. here is what is "money" tonight. more than six million people without power in sandy's wake. all of those above-ground power lines are largely to blame for this. we'll dig in why we still have those. plus do you think the rich pay their fair share of taxes? what if we told you they're paying more than ever before? "the wall street journal" steve moore is here with all of the facts. thanks but no thanks. new york city mayor bloomberg tells president obama, not to visit the big apple after the storm. i say thank goodness. but one of my guests says bloomberg is way out of bounds. he is here to disagree with me. even when they say it's not, it is always about money.
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melissa: first after a two-day hiatus, let's look at market headlines. wall street swung back into gear on the first day of trading since superstorm sandy. stocks were choppy throughout the session. they closed mixed throughout the day. dow closed down 10 points. home depot closed higher on the dow. expected demand of home and construction supplies sent shares up 2%. that makes sense. facebook shares tumbled 4%. a lockup expired on 229 million shares today. another 804 million shares will become unlocked on november 14th. lots of damage to assess. the president just spoke after touring new jersey with governor chris christie today. while super storm sandy continues on its path of destruction the area northeast of pittsburgh is
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the latest to get hit. leaving close to million pennsylvania residents without power. joining me on the phone in a fox business exclusive is pennsylvania governor. governor, thanks for coming on. i know you're spending the day in philadelphia and looking at power lines and talking to power line workers. what did you see there? >> we're in philadelphia up in northern bucks county talking to people at a shelter. we've seen a lot of areas without electricity. i've gone out to see some crews working on replacing the electricity. these are crews that came in from as far away as mississippi who came up here to help. there are a couple thousand people working on the lines in pennsylvania. i think our number now is down around 800,000 that were without electricity at this point. melissa: yeah. so how long do you think it will be before you can get power back to those customers? everybody who is sitting in a dark house right now who doesn't have hot water is wondering how many days.
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>> well, that is very hard to answer. the crews just got out yesterday, had the ability yesterday to start taking a look at what is going on. the prioritization is public safety first, getting everything public safety related up and ready so they can respond. then going to crucial infrastructure like hospitals. we had a number of hospitals who were running on generators, getting those back up. we have all but two back up. and then building the infrastructure out, getting the larger lines set up so they can, if they have been knocked out, you can't get electricity to anybody. so you have to get those back up. so i don't think they will have a good handle on days to restoration for another day or two. but they're in the process of restock. i'm in an area of bucks county that is pretty widespread that has no electricity in it. melissa: a lot of people are really furious with the utility company. governor cuomo in new york was very critical of local utilities and their response
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time. how has it been in your state? how would you say about the companies there? >> i would say they're doing their best. we had a storm last year. you may remember the october snowstorm that created a problem. the utility companies, with the pennsylvania utility commission have been working to speed up the time to restore the electricity and or at least to communicate to the people. often times just they have no idea how long it will be. and, they're working on that. we would hope they would be able to start telling people by tomorrow, depending upon where that home is located or where that business is located, how long it will be to get out there. you only have so many workers. they have less workers now a days i understand. melissa: yeah. >> that's why they have to bring in so many from around the country. many of them just got here yesterday afternoon, yesterday evening. a group from mississippi got here last night. they were out first thing this morning. they will be out there working 16 hour days. melissa: a couple of minutes ago president obama was standing there in new jersey with governor chris christie
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giving a speech. chris christie obviously got a lot of press today about praising president obama. at the same time mayor bloomberg said meese don't come to new york city. we just can't handle the traffic and can't take the motorcade and all of that. how would you feel about the president coming to visit pennsylvania and has he talked to you at all? >> we talked in the group discussions where he has talked to the governors a couple times now. when it comes to the motorcades we're probably a little better able to handle that. i think i understand mayor bloomberg. it takes a great deal to move a president in a motorcade. takes a lot of law enforcement resources. there are a lot of streets may or may not be closed down. here in pennsylvania we would probably be able to get him around. we don't have the devastation to the extent that the people in new jersey and people in new york have. i'm sure that is where the president feel he needs to be and should job what do you think of how effusive governor christie has been of the president? it left a lot of people
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scratching their heads. was it surprising to you? >> well i haven't seen it. i've been out on the road. so i, i haven't had a chance to receive the news very much. but i will say this, governor christie is a very honest man. he is giving you his opinion. i was asked today about what i thought about the work of fema. i have to tell you fema has done a great job with our pennsylvania emergency management agency. very pleased at their responsiveness. i'm pleased at their responsiveness from the president and telling us they will be there to help us. so i think if, christie is talking that way he has an honest feeling about that. melissa: governor, thanks so much for coming on the show and taking time out. i hope you get your power back soon. >> thank you very much. we appreciate that. melissa: clearly one of the major issues in the wake of storm is power. we can't stop talking about it. check out this video though. it is an explosion at a power station in new york city during monday night's superstorm. that was in manhattan. can you believe that?
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look at that! there are still more than 6 million people up and undo the east coast without power. some utilities are telling customers not to, look at that, not to expect juice for at least another week. that means no lights, no hot water, no heat. not to mention all the food going bad in everyone's fridges. many people i talk to are wondering why do we still have the vulnerable power lines above-ground? why don't we move them all underground? a lot of those folks got to keep their power? joining me about this, david unger, "christian science monitor." he wrote a story about the pros and cons of underground power lines. that's why we dragged him out on the show tonight. why doesn't every city have underground power? >> right. so it makes a lot of sense. think about it, take the wires, you put them underground. then they're protected from nature's elements but in reality turns out to be very expensive. it can cost anywhere from five to 10 tiles more to install underground cables than it can overhead lines.
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melissa: but how much does it cost every time the power goes out? i mean we're looking at trees hanging from power lines right now. >> exactly. melissa: how much does it cost to fix it? how much does it cost to rebuild the house burned down because of a downed power line? >> right. you know, it is a tradeoff, kind of a cost benefit analysis people have to take into consideration. the thing is there is lot of up-front costs when you're burying lines underground and people are a little hesitant to agree to a surcharge on their electrical bill whereas people are more likely to dish out money for if a tree has fallen on their house and knocked out their power so. melissa: maybe it is something we have to commit to? utilities are regulated by the government and they're told how much they can charge their customers. they don't necessarily have the room for this kind of expense. maybe that is the problem with having regulated businesses. maybe we all have to suck it up as a community and pay the assessment and put these power lines underground? >> you know, really depends geographically i think.
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each individual community has to take that cost benefit analysis. if storm damage is something that, you know, people are paying a lot for, it may be a idea but there's, other problems with burying them underground. where, you know, they're harder to get to. so when you have some sort of issue like a tree root breaking a line or flooding taking out power, it is can be harder to fix. can take longer to fix. again there is tradeoffs for both systems. melissa: but empirically, power has to go down a lot less frequently when it is underground. have you studied frequency? seems completely predictable. a storm whips through new york state. you know exactly where everyone is going to lose power because they have these enormous trees with huge branches and they have these precarious wires dang link over the street. it is completely predictable. >> right. the studies i have looked show there is decrease in frequency when you have, frequency of power outages when you bury the lines underground but, the tradeoff there is increase
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in the duration of power being out because once they're underground, it is harder to spot where the issue is where you have the break in the line. melissa: yeah. >> and then it is also harder to access, right? you have to get underground. and so --. melissa: got to tell you you're not really winning me over with either of your arguments, expensive. a lot of good things are expensive. verizon made a huge investment in building out fios and building out their own network. i remember at the time a lot of people in the business community thought they were crazy. didn't know they would make the money at. now they are known as having the best network. they made the most of it. maybe if our utility companies were really for-profit and weren't so regulated they would compete against each other and build a great network and use this power company because they delivered power and don't have blackouts? i smell the government behind this problem. i know i'm paranoid but i think here i'm just right. >> well, again it is a case-by-case basis, right? for some communities it could work out well.
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could be a good investment. and for others it's, it may just be better to keep the lines above-ground. by certainly, when you, in times of disaster and if we see more storms like this, then it's possible more people are going to be demanding they have their lines buried underground. melissa: david. thanks for coming on. we appreciate it. you're a good sport. >> all right. thank you. melissa: time now for the fuel gauge report, breaking down the biggest headlines affecting the energy industry and their impact on the economy. first up, crude prices rose on their first day of trading since superstorm sandy renewed demand and helped drive prices up more than half a percent, settling at 86.24 a barrel. good news for nine major oil refineries on the east coast, assessments found they avoided serious damage. seven are working back towards normal operations. meanwhile short-term supply worries pushed up gasoline futures prices. they settled up more than 1%
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on the day. president obama banging the drum on the rich paying their fair share on taxes. he has less than a week to sell the message. we're breaking down the facts. plus, mayor michael bloomberg tells president obama, i think we don't need you to visit new york city, thanks very much. i think that makes it a lot of sense. one of the people on the show says it is a major slight and he is coming here to disagree with me. more coming up.
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♪ . melissa: so it is the final stretch to six days till the election and the tax debate is getting even louder. the major battle cry from the left whether the rich pay enough in taxes. "the wall street journal"'s steve moore knows all about this in his brand new, super fantastic book, who's the fairest of them all? i love it. he breaks down the truth on taxes an even more. steve, i want to talk to you all about your fantastic book which everyone should order immediately. i want to ask you quickly, do you think superstorm sandy will affect the accuracy of friday's jobs numbers? what do you think?. >> we may see a slight downturn in jobs numbers as a result of the storm
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because employers are not hiring while there is a big storm going on. i think the big story on the jobs report on friday, i think it is humongous, it may be one of the most important jobs report in american history because it could decide the outcome in this election. if we see unemployment rate go back up to 8% which i think it could because we had a artificial bump up in the number of jobs. nobody believes we created 800,000 jobs last month. it was a blip. if you get a correction for the october numbers that could bring the unemployment rate up 8%. that is one obama doesn't want is an eight next to the unemployment number. melissa: there were 759,000 people magically found a job but didn't show up on payrolls. i wasn't sure how that happened. i want to get to your point. >> nobody knows. melissa: because it is so fantastic. it talks all about fairness, which i love because that is such a loaded phrase in america right now. i'm glad you honed in on that because one of the reasons it really bothers me is, who decides what is
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fair? it is such a subject testify word. i don't really want politicians in washington deciding what's fair. i don't necessarily think, they're not my moral gauge. >> not your moral compass. well, they shouldn't be. the reason i wrote the book because we knew that months and months before the election the fundamental theme of obama was going to be class division and class warfare and this whole fairness theme. the point of the book, i don't want to ruin the conclusion, the ending but really is free enterprise system as you know, melissa, it is one that creates the system, that creates the most jobs and most income and opportunity and it is, in my opinion the fairest of them all. you look at other countries that have less free market systems. they're less fair than the united states, not more so. melissa: yeah. so the argument the free market folks make is what we're looking for is equality of opportunity, not equality of outcome. >> that's right. melissa: we don't want to redistribute income. but president obama would
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say, and responds many times, but the people with the great outcome, a lot of times they have gotten the lucky breaks. that is not fair. they have been lucky. they have had people helping them along the way. there are other folks who haven't been as lucky. by virtue of luck, luck isn't fair. he tried to mix that in. >> well, look is it fair that kareem jabbar is 7 foot one and i'm 5'11"? there is all sorts of genetic unfairnesses and things like that. the but the point is there is old saying hard work creates a lot of luck. i think that is true. people who take risks, work hard, do the right things, study hard those are people mo make their own luck. it is true in sports. it is true in life and true in business. of course there is unfairness in life. it is unfair that some people are short and others are tall. some people are born into a rich family. others are born into a poor family. but you really hit the nail on the head. i think the fundamental thing we strive for in
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america is that everyone has an equal opportunity. we know that is not the case but that is what we want. not equality of outcome. that is cambodia, right? we want everyone to have a quote, fair shot. and then that is something we all strive for. by the way that begins i think with fixing family structure in america but also fixing the schools because a lot of low income kids are stuck in terrible schools that you and i would never send our kids to. melissa: if we're striving for a fairness or an equality of opportunity as opposed to outcome, does redistributing income or taxing the wealthy even more achieve that? does it help get us closer to an equality of opportunity? >> no. that is one of the central themes of the book, melissa. actually when we raised tax rates in the past it actually stifles opportunity. it reduces risk-taking. reduces business investment an hiring. that obviously hurts the middle class. by the way, conversely one of my favorite chapters in the book i go through the 1920s and the '60s and '80s and 2000's.
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what i found every time we cut tax rates like mitt romney is talking about now, two things happen, melissa. the growth rate of the economy went up. that is a good thing. secondly even more surprising the fell, the share of taxes paid by the rich increased. melissa: i love your book, steve. petite, manageable. see, its brilliance is contained in a petite package so you can get through the whole thing. thanks so much. thanks for coming on the show. good luck with the book. >> thanks, melissa. melissa: here is the question of the day, do you think rich people pay enough taxes? i enjoyed reading everybody's responses on twitter. facebook.com/melissafrancisfox or follow me on twitter, melissaafrancis. i tweeted back a lot of your remarks. >> a presidential diss? mayor bloomberg takes a pass on a presidential visit to new york city. i think it is a smart move. possibly my favorite government official is here to disagree with me. that is coming up next.
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plus sanctions are sending iran's economy into chaos but its stock market is killing it, gaining 30% in three months. how is this happening? we'll explain it. you can never have too much money. ♪ are we there yet? are we there yet? are we there yet? [ male announcer ] it the question we ask ourselves every day. is it the safest, the most efficient? the kind of vehicle to move not just people... but an industry forward? are we there yet? are we really? [ male announcer ] are we there yet? we are, for now. introducing the all-new seven passenger gl. motor trend's 2013 sport utility of the year. mercedes-benz. the best or nothing.
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♪ . melissa: so president obama got a first-hand look at sandy's destruction in new jersey today. governor chris christie certainly welcomed him with open arms. not so for new york city mayor bloomberg. he told the president not to come here. maybe for the first time ever i actually agree with the mayor. it is bad enough trying to get around right now. look at this! this is the traffic outside right now. look that!? what a nightmare! it's horrible! without a presidential motorcade blocking off a whole section of the city.
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look at that. that is the worst thing i've ever seen. here to disagree with me is very brave chicago you would alderman joe marino. welcome back. >> i have to be brave to disagree with you. melissa: i think so. especially on this topic, when you look at the gridlock that we just showed our whole audience who maybe isn't familiar, look at that! i'm never getting home tonight. i'm supposed to go trick-or-treat. it is never going to happen. the mayor said, quote, i love this, we would love to have him but we have lots of things to do. you think that is rude? >> sure. no, look. it would be rude if the president didn't offer to come and, as a local official i respect the fact that mayor bloomberg responded in the way that he did but let's remember, president bush was criticized by both parties when he flew over katrina and didn't stop. so, i think today's show, melissa, would have been if president obama didn't offer to come here, we would be talking about why the president dissed new york, why he didn't offer to go there while he has the state
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wrapped up politically and doing this for political reasons. he offered to go. the mayor said, hey, we have a lot going on and we're busy and declined that. i think the mayor made a mistake. anytime a president offers to come visit on the ground i think you should take that. that is mayor bloomberg's choice. we disagree on what he did but i understand why he did it. melissa: thank goodness said the little part at the end because all of sudden you weren't on to disagree but i won you over before we start the argument, i don't put beyond the realm of possibility. you would have accepted it if you were in new york city? do you have a monitor near you? do you happen to see, can you put up the traffic again? did you happen to see what is going on? there it is. oh. >> this is not the worst catastrophe. i know you're at ground zero looking out your window at it. we had major catastrophes. major things happened in our city and presidents have come and we worked it out. our country is good enough, our systems is good enough,
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our infrastructure is good enough to deal with. melissa: what could president obama possibly add to this scene below? >> why don't you ask, i think that is better question for your friend governor christie who you support, republican that is totally supportive of mitt romney come out and given glorious praise for the president and in the way he handled this catastrophe, the way he dealt with it. the way he is not politicized for it. governor christie a week ago, your friend, governor christie, said that the--. melissa: he is not my friend. i never met the man actually. >> couldn't lead. couldn't lead. i was mistaking you for ann coulter. ann coulter who loves, both have blond hair and both conservative pundits. melissa: i am not a conservative pundits. you tried that last time. >> libertarian. we fight about that you're libertarian. melissa: i'm a newscaster conducting a discussion. >> last time you said you were libertarian. i,. melissa: i guess i'm sort of anti-government which puts us immediately at odds. almost anything about the
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family or private sector. disorganization. >> melissa, before i was alderman two years ago i was 12 years as vice president of a very successful private printing and design industry. so i'm very, very pro-business. melissa: really. >> yeah. we should talk some more. on this subject i think governor christie solidified what the president's done. you had mitt romney in ohio, which is effective, but kind of affected same way chicago was in the storm handing out canned goods to the red cross, when the red cross said doesn't give us your canned goods. that is contrast. i think mayor bloomberg again made a mistake. i understand why he did that but i also understand why the president said i want to come to new york and i would like your --. melissa: because you look very presidential during campaign time standing out in a disaster offering your help. that is best way from a campaign perspective, it is a fantastic thing to do. >> but let's be honest, melissa. new york is not in play. he doesn't have to go to new york for political reasons.
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melissa: maybe that is why he is not here? >> doesn't have to go to new jersey for political reasons. ohio is a place to go for political reasons and one of candidates did that and that was mitt romney. melissa: alderman, thanks for coming on. always a pleasure. i will try to get in traffic and try to get home. >> hopefully you make it home for halloween. melissa: i hope so. thanks so much. next on "money", iran's economy is in turmoil. just don't tell its stock market. details why it soared more than 30% in the past three months. how is that possible? plus u.s. markets reopen with great fanfare but it is just exposing wall street's weakness to handle a major disaster. what can they do before the next one strikes? "piles of money" coming up. ♪
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melissa: okay. we've got some breaking news right now that is dealing with the gas shortage going on here on the east coast. the epa is waving clean gasoline rules due to superstorm sandy. it applies to 16 states. it allows gas that doesn't meet clean air rules to be sold. this is another, you know, gasoline problem that we're seeming to solve with dirty gasoline here like in california when they had a supply shock. but when you saw lines on the east coast, especially on the new jersey area where fuel supplies were very low and people lining up to fill up their tanks. the epa saying they will wave clean gas rules in 16 states and washington, d.c., to deal with some of the shortages we're having right now. all right. onto the middle east now. the latest sanctions are meant to cripple iran but look at iran's stock market. it is on fire! look at that. it is up about 30% in the past three months. it is all because its
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citizens are basically being forced to invest in domestic companies since sanctions are prohibiting them from investing outside the company. between this the story we were telling you about, that reuters was reporting that they're smuggling in gold from turkey, iran is doing everything it can to preserve wealth in spite of sanctions. joining me now, fox news middle east expert, wall heat fair rest. welcome back to the show -- walid phares. >> thank you. >> do you think it is artificially driven by the lack of ability to invest outside that it could collapse? >> i'm really impressed by the fact that the iranian regime despite the sanctions we're putting is basically making this happen. we look at stock markets in tehran. that is not a country under sanctions. the reason, melissa, we created sanctions are efficient but in a very limited way. the goal of these sanctions we put along with our allies is to put pressure on the public. remember a few weeks ago the value of the money there was
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going down. there were demonstrations moving in, putting pressure against the regime. the regime basically did influx of vitamin i call it. more money. more cash. i know this is precarious, it could go down. that means the regime is not really isolated. they're having business coming out of iraq, beirut, a very important financial place. so they are maintaining this for one reason, to outlast us. they want to create conditions in the region so we'll say okay, we have to negotiate with you. melissa: it is called the tepex, the iranian stock exchange. is priced in rial's? if it is priced 30% is not that how much it inflated over year's time? it has been 40% about the same time period? this maybe a reflection of inflation? >> it could be but the problem in those regimes to look at the big picture you can't actually investigate what is the real situation on the ground. it is not a liberal
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democracy. it is not like wall street and they don't have one branch of government looking at other branch of government. we may see this later on this could be inflation and everything will collapse. melissa: right. >> what i'm interested in is buy time against our sanctions. melissa: yeah, you couple that with the idea that reuters did the great investigation into how, they were basically smuggling gold bullion into the country. turkey was sending it out in suitcases. it is going through dubai. spent about $2 billion in the last month or so. it is gold pouring into the country to deal with the fact they're having inflation that's a result of the sanctions. so are they really doing an effective job putting all these things together? or does that mean they're doing a really good job getting out around the sanctions? >> the elite in iran is not worried about the country at first. it is are fred in its own economy. i make the distinction the economy of regime, the capacity to sustain the long term survival the regime on one hand while the middle
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class, lower class economy of the country is going down. their bet is this. their bet is if they can deploy the cash and invest with people in turkey and as you were mentioning in dubai, those will be protectors and defenders of iranian economy. at the end of the day they want to see at one point, the united states, this administration, next administration say we'll stop the sanctions. let's go to negotiations. everything they lost they could bring it back if they survive the sanctions. melissa: at the end of the day will they end up with nuclear weapon no matter what happens here? >> look if we don't change the policy, look this policy has not stopped them. or we have to partner with the iranian public to topple the regime. there are no third options. unfortunately the obama administration has chosen to wait. if we wait too long they may get the weapon in the near future. melissa: thanks for coming on the show. we appreciate it. >> thank you for having me. melissa: next on "money", the bells on wall street ring once again. but now big holes are exposed showing how
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unprepared they are for disaster. at the end of the day it is always about money. ♪
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♪ . melissa: new york stock exchange opened today for the first time sips the storm but wasn't exactly smooth sailing. overall, it gave wall street a better look at what is wrong with their emergency plan, what needs to be fixed for future disasters. here is more is the founder and president of imperial wealth management. let me ask you, do you think this shutdown did further more diminish the retail investors faith in the market? >> i think it could have but i think the fact it opened this morning with smooth sailing and pretty much all the trades were executed, kind of gave faith to the retail investor that we were prepared to some degree, although it wasn't without any glitches of course along the way. so i think it added up to be a positive but i think a lot of people were frightened to go into it. melissa: i have to wonder, if some people who have been really critical of the market through this who shall renameless like
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charlie gasparino were flogging the new york stock exchange, saying this show, they didn't have faith in their own system and maybe the new york stock exchange is getting unfairly beaten over this. maybe they really didn't want people to go to their offices. so they said okay, we'll shut down. if the market is open and an investment firm you feel come peled to go to work no matter, what, no matter how bad the weather is you feel responsible to trade account. do you think they were good guys and now they're getting beaten? >> i think clearly, you know, the reality was is that, as the nyse does have a secondary system in arca and nasdaq is of course all electronically traded. these were tested on saturday so we could have gone electronically all the way through. however, i think at the end of the day not everybody was 100% behind it. to be fair i think the decision was people first, profit later. i think they made the right decision to make sure that their employees were safe because that was part of the problem, melissa.
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is there staffing? how will they get there? is it going to be safe. melissa: right. >> you're right, people are compelled to go to work if it's open. melissa: what do you think could have been done better for next time? what sort of different plans should they make? should banks be mandated to have active trading floors in other spots outside the manhattan? is there a rule that would have taken care of this or some sort of infrastructure change that would have made it so the market could have operated safely? >> i think there is, there are rules there, that arca is there. there the banks and london was actively there to help the banks facilitate currency trading as well. so, i think we actually have it there. we're almost there, melissa. just a matter of testing this. it was tested in march of this year, i believe but it has negative been tested 100% live. i think the next step we have to have an opportunity where there is consistency across all platforms and a contingent plan to make sure this does work because
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inevitably we'll have another episode like this. so i think there will be a time. melissa: the bottom line the market looked pretty lackluster today. what do you think investors are waiting for now? is it job numbers? is it election? you're opening floodgates here after the market had been pent up for two days and volume was, it was what it was. it wasn't a big deal. it was average. >> right. it was lackluster. agree with you. what happened the fact that we opened and we traded smooth sailing and everything was executed albeit by phone and not internet. investors are looking for the next three things, jobs numbers and election and fiscal cliff. it is trifecta of issues people are still hanging on the edge melissa, right now. melissa: kimberly, thanks for coming on. we appreciate your time? >> thank you. melissa: coming up it is no trick. governor chris christie is officially postponing halloween for the entire state of new jersey. what has gotten into him today? a lot of strange things the
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governor is doing. he is not the only one. we have details coming up next. you can never have too much money or too much halloween candy, come on! ♪
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melissa: it's time for fun with spare change, david asman is back. >> i love being surrounded by beautiful women. melissa: i love it, it is halloween, but not in new jersey, due to superstorm sandy, governor chris cristy is y is post -- chris cristchris christie is pog holiday until monday are you kidding me. other towns in pennsylvania and connecticut are doing it too. the second the show is over, i'm going trick-or-treating. >> this is so bloomberg, this is so bloomberg. >> an evil plot, think of all that halloween candy, i have had in my house, it would be in my stomach, i would again 30-pounds. >> chris christie is losing
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200-pound then on the same food kick this bloomberg is on, and then he will make candy illegal. melissa: did you hear bloomberg is only allowing you to givous little minis. i could see him to that. we would get violent. >> keep halloween, cancel the marathon. >> they cancelled halloween parade. nothing is more funny than seeing a bunch of transvestites in the village dressed up, well, like any other night. melissa: a great way to lose weight on halloween, british researchers learned that watching horror films inflowses our -- increases your heart rate you burn calorie, watching the shining 184-calories, and jaws 161. this only counts if you don't eel all your buttery popcorn i
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think. and a giant soda, but in new york you could not do that anyway. >> there are two kinds of horror, there is scary and bloody horror, like you know, the chainsaw murders, and those i don't care. but the scary ones, i love those. melissa: like what? >> like the exorcist, -- that has bloody stuff, but the shining, and exorcist, alien is in there, but you know chop, chop, blood, blood, that stuff. >> i don't know, i need to go to therapy after watching the exorcist when i was home alone when i was 15. >> you watched theic o the exore alone? >> i was 15. >> my wife just saw it. >> you were 15 home alone. >> i it the parents that everyone wanted to come over. >> did that scare you into liberalism, is that what happened to you? is that why you became a liberal. >> are you saying all my
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psychological issues come down to -- >> now we know! i was wondering, now i know the oak arexorcist. melissa: okay, sticking who halloween, check this out, this is the fully playable version of tetris. in a real pumpkin, no way. the stem serves as a controller, should the maker get a patent for this, that is fabulous if you play tetris. wow look at that, that is cool. >> look at the folks, god bless them, i am sure they are great people, but they look a little nerdy do they not,. melissa: do you think? >> come on look. it is cool, but they are in othenerdy.>> i have short weirds they are perfect for tetris. >> show us your thumbs.
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>> they are short and stubby, but they are perfect for tetris. >> she has an unfair advantage. but not with a stem,. melissa: okay. um, this is one that ruffled a lot of feather, disney is announcing lucasfilm for 4 billion-dollars, episode 7 ep 7 will be realized. guys everywhere the hor guyed, they think that the star wars franchise is going to be ruined and disney fid. melissa: what do you think? i think that send rellal be great in the next film. >> wait a minute, did i not get that anyway. >> first three films were
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awesome, then they came back with the terrible ones, "j. edgar" binks right there. there. >> they have been working together forever pixar was started by lucas, and sold to apple, the steve jobs sold it to disney, all disney theme parks have lucas stuff in them, they get each other, i think and lucas will be advising, he is only 68, he has a few years, he will keep them straight. >> i am giving my stubby thumb down. melissa: another one for world series of poker, new king, only 24 years old, after 12 hours, in marathon session greg merson won over there are 8.5 million this morning, what is he doing with
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that money. >> blow it all in a las vegas weekend. how much do you want to bet, by the time he is 30 it is gone. >> you are giving him a lot of time, by the end of the evening. >> if it is vegas it is over but in a casino in middle of pennsylvania maybe longer. >> there was a friend of mine in his 70s, he played horses all his life, he won this and that, i said, dave, if you put all money you betting it, did you went or lose, he said i would loss, you always lose, if you are a better for life you are a loser at the end. melissa: are you saying he should kill himself right now, go out a winner. >> blow it in las vegas, and talk about two years of a good time. >> invest the rest. >> we won't do it. melissa: i think tr that look of that shot he made it rain, and they lost is all that

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